I recently bought a condo in NH and received the 1098 form for my mortgage. However, I work in MA. I also am holding some stocks and bonds that I have made dividends on and interest on in the past year. Do I need to file my taxes in both Massachusetts and New Hampshire, or do I only need to file my taxes in one of those states?
Yes, you will need to file in both states. All investments are reported to your state of residence. In your case, that would be New Hampshire. TurboTax Online Deluxe or higher can file up to 5 states.
Be sure to enter the nonresident state, Massachusetts, first, when you start the state section. You may wish to notify your employer to withhold New Hampshire tax.
For more details, see How do I file a nonresident state return?
[Edited 02/01/2021 | 10:23 AM PST]
@jokon22
Thank you for answering my questions Kathryn! Must I report all my earnings to my state of residence even if New Hampshire is a non-income tax state?
No, if your state of residence does not tax income, you would only have to file the Massachusetts Nonresident tax return.